Coinbase saw the largest Ethereum outflow of the year, totaling over 336,000 ETH, worth more than $1 billion on June 12th. This marks the fifth instance in 2024 where over 150,000 ETH has been pulled from the crypto exchange in a single day. It is still unknown as to who is behind such a massive transfer...Read More
Ethereum witnessed its strongest week in terms of capital inflow since March, with total inflows amounting to $69 million over the past week, as per the latest stats by CoinShares. The latest influx can be attributed to the surprise decision by the US Securities and Exchange (SEC) to allow spot Ether ETFs. As a result,...Read More
All eyes are on spot Ethereum ETFs. SEC’s surprising turn of events last month has prompted a surge in addresses holding large amounts of ETH during the period. Such a trend could potentially hint at a much-needed revival for the world’s largest altcoin, which has been struggling to surpass the $4,000 resistance level. Wealthy Investors...Read More
SEC Chair Gensler has voiced concern over unethical conduct within crypto exchanges, noting that the introduction of spot Ethereum ETFs will require additional time. Gensler’s comments were made during a June 5 interview on CNBC, where he also responded to Jim Cramer’s inquiries about potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. Gensler Criticizes...Read More
Ethereum is seeing a turnaround in sentiment owing to the SEC approval of a spot Ether ETF that is set to go live sometime next month. According to CoinShares’ latest report, Ethereum-based investment products experienced a second consecutive week of inflows marking a reversal from a 10-week outflow streak amounting to $200 million. Over the...Read More
More than 800,000 ether (ETH) worth approximately $3 billion has left crypto exchanges since the United States Securities and Exchange Commission (SEC) approved the launch of spot Ethereum exchange-traded funds (ETF). According to a Quicktake by CryptoQuant analyst Burakkesmeci, the identities of the crypto investors behind the ETH moves remain unknown; however, there are speculations...Read More
Ethereum’s recent momentum appeared to have slowed down, largely due to the pause in ETF-related excitement. Despite this, there is a significant accumulation trend among large holders a.k.a whales, even as ETH’s price remains below $4,000. Massive Increase in Ethereum Whales According to the latest Glassnode data, shared by popular crypto analyst Ali Martinez, there...Read More
According to sources familiar with the matter, the SEC has instructed prospective issuers to submit amended S-1 forms by Friday, May 31st. This follows the approval of the 19b-4 forms on May 23, marking a significant milestone in the process. Spot Ethereum ETF Approval Progresses The recent approval of the 19b-4 forms marked a significant...Read More
BlackRock has submitted a revised registration statement for its proposed spot Ethereum ETF. The updated S-1 filing also included details about the company’s seed capital investor. Now, analysts suggest that U.S. spot Ether exchange-traded funds (ETFs) could launch by late June. BlackRock Reveals Seed Capital Investor Information The world’s largest asset manager submitted an amended...Read More
Last week was memorable for the crypto community. Over four months after it approved similar products for Bitcoin, the United States Securities and Exchange Commission (SEC) gave a green signal to the first wave of spot Ethereum exchange-traded funds (ETFs). According to the latest Bitfinex Alpha report, the crypto market’s reaction to the event was...Read More
Ethereum has been hovering near the $4,000 mark, driven by a major turnaround in the US Securities and Exchange Commission’s (SEC) decision to approve spot ETH ETFs. This development has fueled trader optimism about the leading altcoin’s price trajectory. However, increased inflows of ETH into cryptocurrency exchanges could spell trouble. ETH Inflows Signal Selling Trend...Read More
Bitcoin and Ethereum have managed to pull crowds with stunning rallies this year. With the approval of their respective spot ETFs, the world’s largest cryptocurrencies are expected to attract billions. As such, popular analyst Lark Davis has made bold predictions for the top assets. Bold Predictions For Bitcoin and Ethereum In a recent tweet, Davis...Read More
Grayscale’s upcoming spot Ether exchange-traded fund (ETF) could potentially see an average outflow of $110 million per day if it follows the trend set by the company’s Bitcoin Trust in its first month, according to a report by Kaiko. This projection follows the approval of spot Ether ETFs by the U.S. Securities and Exchange Commission...Read More
Over the week, ether (ETH) received a large share of crypto investors’ attention as anticipation intensified about approvals for its spot exchange-traded funds (ETFs). While the crypto asset rallied significantly as the market waited for the U.S. Securities and Exchange Commission’s (SEC) decision on the ETFs, CryptoQuant analysts identified on-chain dynamics that could trigger major...Read More
Markets got a big spike in Ethereum price this week on crypto exchanges. What’s behind it and what factors can investors take into consideration to determine whether Ether or its friend Cardano is the better buy? Ethereum has a birthday coming up on July 30. It was launched in 2015 to create a “world computer”...Read More
Following the news of the approval of Ethereum spot ETFs, Bloomberg Intelligence ETF analyst Eric Balchunas has dampened expectations. Balchunas said he expects Ethereum ETFs to gather just 10-15% of the assets Bitcoin ETFs have accumulated. Institutional Interest Remains Low for Ethereum A string of signs suggests Ethereum’s institutional interest is much weaker than Bitcoin’s....Read More
Cryptocurrency lawyer James Murphy, known as MetaLawMan, believes the United States Securities and Exchange Commission (SEC) has gotten into trouble following its approval of spot exchange-traded funds (ETFs) for the Ethereum network. In an X post, Murphy said the SEC is in “deep trouble” with its lawsuits against some crypto firms because the agency’s approval...Read More
Industry experts and executives have been discussing the implications of the SEC’s apparent U-turn on Ethereum. Its approval of spot Ether ETFs on May 23 may be a signal that the regulator now views the asset as a commodity and not a security. The regulator officially approved 19b-4 applications from VanEck, BlackRock, Fidelity, Grayscale, Franklin...Read More
The U.S. Securities and Exchange Commission (SEC) has officially greenlighted Ether spot ETFs to trade on national securities exchanges. Multiple 19b-4 applications to list the product were approved on Thursday, just days after the SEC began rapidly engaging with issuers on the matter in an unexpected positive turn for the crypto industry. Ether ETFs Are...Read More
“It’s happening,” exclaimed Bloomberg ETF analyst James Seyffart on May 22 who added that at least five of the potential ETH ETF issuers have submitted their amended 19b-4s to the Securities and Exchange Commission a few hours ago. Fidelity, VanEck, Invesco Galaxy, Ark 21Shares, and Franklin all submitted amendments via the Chicago Board Options Exchange...Read More
Alex Thorn, the Head of Research at Galaxy Research, speculated that the SEC could differentiate between Ethereum (ETH) and staked Ether, possibly classifying the latter as a security. He noted that this distinction could provide a regulatory loophole for approving spot Ethereum ETFs. Spot Ethereum ETF Approval Loophole In a May 21 post on X,...Read More
The popular gold bug continues with his barrage against bitcoin, but his latest warning came amid times of price resurgence as the cryptocurrency skyrocketed above $70,000. Schiff actually thinks that a lot of bad news will hit BTC if the US Securities and Exchange Commission indeed greenlights spot Ethereum ETFs. Schiff Goes After Bitcoin Again...Read More
Ether futures open interest has hit a record high of $14 billion, signifying increased market activity. Interestingly, this rise in Ether open interest coincides with Ethereum’s price surge to $3,650, an increase of 18% in the last 24 hours. The increased chances of a possible Ethereum ETF approval have fueled this bullish outlook on Ethereum....Read More
ETH prices topped $3,700 in an intraday high in early trading in Asia on Tuesday, May 21. It is the highest the asset has been since early April when it spiked to similar levels before dumping below $3,000 a week later. The massive 20% move has been triggered by renewed hopes that the US Securities...Read More
Ether (ETH) surged 10% on Monday in the span of a few minutes following credible rumors that the asset could receive its own spot ETF in the United States within days. ETH traded for $3150 on Monday at 17:44 UTC, before surging to $3450 within 25 minutes. This followed a tweet from Bloomberg ETF analyst...Read More
The final deadline for the first spot Ethereum ETF is Wednesday, May 23. This is when the SEC will approve or deny VanEck’s application. The Ark 21Shares spot ETH ETF application deadline is on the following day, Thursday, May 24, but what happens Wednesday will set the tone for the rest of the issuers. Other...Read More
Digital assets investments said the first inflow in five weeks with $130 million of net gains over the past week. Interestingly, the lack of action from US regulators regarding spot Ethereum ETF applications has sparked speculation that approval won’t happen soon, and this has resulted in significant outflows for Ethereum in the same timeframe. Investors...Read More
On Monday, May 13, Hong Kong’s spot Bitcoin and Ethereum ETFs saw a total outflow of $39.3 million, according to preliminary data from Farside Investors. It is the highest total outflow for the institutional investment products since they were launched on the Hong Kong Stock Exchange on May 2. Spot Bitcoin funds from issuers Bosera,...Read More
A proposal to list and trade shares of prominent asset manager Grayscale’s Ether futures exchange-traded fund (ETF) has been withdrawn, as per a new document filed on Tuesday. The filing by the US Securities and Exchange Commission (SEC) revealed that the application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc. in...Read More
The US Securities and Exchange Commission (SEC) has postponed its decision on whether to approve or disapprove the proposed Invesco Galaxy spot Ethereum exchange-traded fund (ETF) product for the third time. With the latest delay, the agency has until July 5 to make its final decision on the spot Ether ETF application. The SEC announced...Read More
